We often use countdowns to mark the days until major milestones—a new year, a new child, or any significant event we’re excitedly anticipating. That ticking clock reminds us to prepare and ensure we’re ready for what’s coming next. With the new year on the horizon, now is the time to get the right health insurance coverage in place for 2025. Open Enrollment for individual health coverage ends soon, and while group coverage isn’t bound by this deadline, some special options are. Don’t miss this ideal moment to reassess your plan and explore coverage that may better align with your needs and could potentially help you manage costs.
Time for a Fresh Look at Your Health Coverage
Health insurance plans change from year to year with new options and varying benefits. This Open Enrollment period offers an excellent opportunity to reassess your current plan and see if there’s a better fit. TMA Insurance Trust has uncovered special options and can guide you through a “second opinion,” showing you potential ways to access group PPO coverage, even if you do not have employees. Whether you are securing health coverage for yourself, your family, or your practice, having the right plan in place for 2025 can make a huge difference.
If you’re a practice owner, with or without employees, and are looking for comprehensive coverage for yourself and your family, you may have unique opportunities to access group health benefits on terms that could be more advantageous to you. These options could offer preferred rates and potentially broader coverage options than individual plans. Before the December 11, 2024 deadline, we can help you explore special options available to both practice owners and independent physicians.
- Practice owners looking for group coverage for their practice - there are initial enrollment opportunities available only during Open Enrollment to help practices manage the cost and be able to offer your employee’s group health insurance – including a mix of group PPO and HMO plans.
- Practice owners with staff on their own health coverage (spouse’s plan or another provider) may be able to get PPO coverage just for themselves and their family.
- Partners with no W-2 employees may be eligible for group coverage only for yourself. You’ll need to provide partnership documentation and the company’s SS4 or recent K-1 (Form 1065).
- Physicians who own a business with their spouse, or their spouse is a W-2 wage employee, you may qualify for group coverage even without partnership documentation.
- Establish a Health Savings Account (HSA), If you select a high deductible health plan to manage costs better, you can open an HSA. These accounts offer tax advantages, spending flexibility and ongoing saving and investment opportunities.
- Physicians opening your own practice, TMA Insurance Trust can help you with starting your own group plan.
Selecting the right plan can support the well-being of both you and your practice. By taking a fresh look at your current coverage, we can help you uncover ways to benefit from these special options—explore them now before time runs out.
Act Now Before the Countdown Ends
With the clock winding down, don’t let this opportunity slip away. Contact TMA Insurance Trust today to see if we can help you improve your coverage in time for a January 1, 2025, start date. Our advisors are available to provide a no-obligation consultation—no pressure, just a “second opinion” to see if there are other opportunities available to you that would fit your specific needs.
Call us at 800-880-8181 between 8:00 a.m. and 5:00 p.m. CST, Monday through Friday, to discuss your options and make sure you’re prepared for 2025. Let’s work together to ensure you have the best health insurance plan in place before Open Enrollment ends.
For over 65 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry.
